1.

MJH company had the following data : 1.) Sales $2160000 2.) Variable production costs $943200 3.) fixed costs- $576,000. On a piece of scrap paper do a variable costing income statement. What is the net income?

		$1,216,800
		Cannot be determined
		$576,000
		$640,800

2.

For variable costing the product cost per unit equals

		Direct materials , direct labor , variable overhead divided by units produced
		Direct labor , fixed overhead , direct materials divided by units produced
		Direct materials, fixed overhead, variable overhead divided by units produced
		Direct labor, direct materials, fixed and variable overhead divided by units produced

3.

Fixed overhead is a product cost deducted when the product is sold.

		constant costing
		contributions margin statement
		variable costing
		absorption costing

4.

MJH company had the following data: 1.) Sales $2160000 2.) Variable production costs $943200 3.) fixed costs-$576,000. On a piece of scrap paper do a variable costing income statement. What is the contribution margin?

		Cannot be determined
		$1,216,800
		$576,000
		$640,800